Fitch Ratings Agency, today, March 5, 2024, upgraded Jamaica’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’, with the outlook remaining “Positive”.
The Financial Action Task Force (“FATF”) FATF today at its February 2024 Plenary meeting in Paris, approved for their America’s Joint Group to conduct an on-site visit to Jamaica to assess the effectiveness and sustainability of the measures the country has implemented to address its strategic AML/CFT deficiencies outlined in the 13-point action plan agreed with the FATF in February 2020.
Local, regional and international experts and stakeholders from the business community as well as legislators will gather for the inaugural Elevate Procurement Conference scheduled for April 23- 25, 2024 at the Montego Bay Convention Centre.
THEME: UNCAC AT 20: UNITING THE WORLD AGAINST CORRUPTION.
Civil servants in leadership roles across central government are being urged to effectively engage in coaching and mentoring employees within the public service so they too can be effective leaders. The call came during the Civil Service Week Public Forum held at the AC Hotel by Marriott on Tuesday, November 21, 2023.
The Government of Jamaica and the World Bank signed a loan agreement for USD 30 million to support the Jamaica Education Project (JEP) which is programmed to conclude on June 30, 2029. The Government of Jamaica and World Bank representatives participated in a visibility ceremony for the loan agreement held at the Ministry of Finance and the Public Service on Monday, November 20, 2023.
The Inter-American Development Bank (IDB) and the Government of Jamaica have signed a Project Preparation Facility (PPF) Technical Assistance agreement to generate a pipeline of investment projects in Jamaica. The total project is valued at US$1.25 million.
On November 3, 2023, the Government of Jamaica (GOJ) issued the first ever Jamaican Dollar (J$) linked international bond in the amount of J$46.6 billion, equivalent to USD 300 million. The issuance, which was oversubscribed 1.4 times, consists of Senior Unsecured Notes due 2030 which are registered with the Securities Exchange Commission in the United States.
Moody’s Investors Service, today, Wednesday, October 18, 2023, upgraded the Government of Jamaica’s (GOJ’s) long-term issuer and senior unsecured ratings from ‘B2’ to ‘B1’ and revised the outlook from Stable to Positive.
The Government of Jamaica is working with international financial institutions and donors to strengthen cooperation, crowd-in private investment and build climate resilience following the Resilience and Sustainability Facility arrangement with the International Monetary Fund.
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